The Trump administration plans to impose sanctions on Russian tycoons as early as this week under provisions of a law calling for retaliation against Moscow for meddling in the 2016 presidential election, a USA government official said.
The US could also impose sanctions based on powers granted by Congress to target anyone conducting significant business with Russian intelligence and defense sectors. Having assets outside of Russia, exposed to the Western financial system, is a huge risk for wealthy Russians. That's of interest because foreign nationals are prohibited from donating to USA campaigns. "The time when there were oligarchs in Russian Federation passed long ago, there are no oligarchs in Russian Federation".
Four sources said the sanctions would be imposed under the Countering America's Adversaries Through Sanctions Act, also known as CAATSA, which was passed by Republicans and Democrats seeking to punish Russian Federation for its 2014 annexation of Crimea from Ukraine, involvement in the Syrian civil war and meddling in the 2016 United States presidential election.
This week's sanctions will be targeted against Russian oligarchs, including those with ties to Putin, as well as the Russian government.
The relations between Moscow and Washington have further deteriorated after Russian Federation was accused of the chemical attack against former double agent Sergei Skripal in the UK.
The Trump administration plans to sanction a number of Russian oligarchs under a new law targeting Moscow in retaliation for alleged election meddling, Fox News has learned.